Investment Q&A: the fees shake-up

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The spotlight will be turned full beam on to fund supermarkets and discount
brokers next year as they are swept up into the Retail Distribution Review,
the biggest shake-up of the investment industry in a generation.

The pressure will be on these intermediaries to drive down their charges — or
to explain why not to their customers.

Times Money answers your questions.

What’s the current situation?

An investor buys a fund through a fund supermarket, or platform, and typically
pays an annual charge of 1.5 per cent to the fund manager, who then passes
on a slice of that money — a